2411 Welbeck Rd - Apartments FOR SALE


Des Moines, IA 50310- Doudna Heights-Glen Oaks
$950,000 USD
515-334-4900
2411 Welbeck Rd, Des Moines, IA for Sale
$950,000 USD
Apartments - FOR SALE
1/4
null | 5.51% Cap Rate

2411 Welbeck Rd
Des Moines, IA 50310
Doudna Heights-Glen Oaks


OVERVIEW

The KataLYST Team, as part of KW Commercial Realty, is pleased to market for sale 2411 Welbeck Road, Des Moines, Iowa. This 12-unit multifamily property consists of all 2Bd/1Ba units that are fully renovated and positioned to deliver stable income with upside potential. With Residential Utility Bill-Back (RUBS) in place, above-market rents, and professional management on site, the asset presents an attractive opportunity for both seasoned and first-time investors. Notably, the seller is open to creative financing options, including owner financing, making this an even more compelling acquisition in today’s high-rate environment.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

12

PRICE/UNIT

$79,167

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Welbeck Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C-1

APN/PARCEL ID

080-07168042002

ASK ABOUT THIS PROPERTY

Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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Jared HusmannThe KataLYST TeamMore Info
515-334-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.